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DUBAI/WAM Emirates Islamic’s quarterly profit surpassed the AED1 billion milestone for the first time, growing 24 percent year-on-year compared to the same period last year. The strong performance was supported by continued positive business sentiment in the UAE, which drove both funded and non-funded income higher. Total income rose 8 percent year-on-year to AED1.45 billion in Q1 2025. Operating profit ...

DUBAI/WAM Emirates NBD’s Profit before tax rose 56 percent to AED7.8 billion in the first quarter of 2025 as strong lending momentum, an improvement in deposit mix and new products drove an 11percent year-on-year increase in income. The bank said that the balance sheet surpassed the AED1 trillion milestone boosted by impressive loan and deposit growth from a buoyant regional ...

ABU DHABI/WAM A Forbes report has forecast that the financial technology (fintech) market in the UAE is expected to reach $3.56 billion in 2025, and $6.43 billion by 2030, with a compound annual growth rate (CAGR) of 12.56 percent, positioning the country among the fastest-growing global markets. The report, titled “What Can FinTech Learn From The UAE’s Rise As The ...

ABU DHABI/WAM ADNEC Group has announced that Tawazun Council will serve as a Sector Enabling Partner for Defence in the fourth edition of Make it in the Emirates. As the UAE’s flagship industrial investment platform, Make it in the Emirates 2025 is a key driver of manufacturing and technological advancement, providing a global platform for innovation, collaboration, and investment. Dr ...

DUBAI/WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, witnessed the announcement of a groundbreaking AED2 billion hyperscale data centre. The facility will be developed and operated by du, the UAE’s leading telecommunications and digital services provider, ...

DUBAI/WAM The Ministry of Health and Prevention (MoHAP) announced that it is now opening research submissions for the 2nd Scientific Conference on Health and Medical Research, scheduled for October 2025. The ministry is inviting researchers, academics, and healthcare professionals from across the UAE to submit papers covering a wide range of health and medical topics. The National Centre for Health ...

ABU DHABI/WAM EDGE, one of the world’s leading advanced technology and defence groups, held in April a capability demonstration for the ANAVIA HT-100 unmanned helicopter within the reserved test zone of the Army Activities Centre in Restinga da Marambaia, Rio de Janeiro, Brazil. The demonstration showcased the HT-100’s aerial prowess in rapidly and reliably delivering actionable tactical intelligence, surveillance, and ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has launched Barakatna, an initiative aimed at further enhancing quality of life for senior citizens within Abu Dhabi’s comprehensive community care ecosystem and strengthening the values of family cohesion and social solidarity. The launch took place in the presence of HH Sheikh Khaled bin Mohamed bin Zayed Al ...

DUBAI/GULF TIME Citi Developers, known for their innovation-led, luxury real estate projects, proudly announces the launch of AGUA Residences—a visionary residential development on the prestigious Dubai Islands. With a strong focus on creativity, innovation, and lifestyle design, this latest offering redefines waterfront living through a blend of resort-style comfort, cutting-edge technology, and refined architectural elegance. AGUA Residences features two striking ...

DUBAI/GULF TIME His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, accompanied by H.E. Saeed Mohammed Al Tayer, Vice Chairman of the Council and Chairman of Dragon Oil, officially inaugurated the 7th edition of the Gas & Oil Technology Showcase and Conference (GOTECH 2025). The event, held under the patronage and presence of ...